Tag: Turkiye: Imported ferrous scrap prices drop $6/t w-o-w amid weak downstream sentiments

Turkish deep-sea imported ferrous scrap prices dipped slightly amid sluggish rebar sales, enabling mills to push sellers for lower prices. The stagnation in the finished steel segment has influenced expectations related to scrap prices. Although Turkish scrap customers are hesitant due to subdued steel market conditions, their price expectations remain discordant with suppliers’ offers, resulting…